👉 Unforecasted in economics refers to an event that has not yet occurred, or is expected to occur but has not yet happened. It can refer to economic events like recessions, pandemics, or natural disasters. In the context of forecasting, "unforecasted" typically implies that a certain event has been predicted or forecasted, but it does not happen as expected. This might be due to various factors such as unforeseen changes in market conditions, technological advancements, or changes in government policies
